Oppenheimer reaffirmed their buy rating on shares of Church & Dwight (NYSE:CHD) in a report published on Tuesday morning, TipRanks reports.
CHD has been the topic of several other research reports. Zacks Investment Research downgraded Church & Dwight from a buy rating to a hold rating and set a $77.00 price target on the stock. in a report on Thursday, May 30th. Atlantic Securities downgraded Church & Dwight from an overweight rating to a neutral rating in a research report on Monday, May 13th. Jefferies Financial Group set a $86.00 target price on shares of Church & Dwight and gave the stock a buy rating in a research note on Wednesday, August 21st. Stifel Nicolaus raised their target price on shares of Church & Dwight from $71.00 to $74.00 and gave the company a hold rating in a report on Thursday, August 1st. Finally, SunTrust Banks raised their target price on shares of Church & Dwight to $80.00 and gave the company a buy rating in a report on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. Church & Dwight has an average rating of Hold and a consensus target price of $71.34.
Shares of CHD stock traded up $0.29 during trading on Tuesday, reaching $71.87. The company’s stock had a trading volume of 3,549,278 shares, compared to its average volume of 1,570,787. Church & Dwight has a 1-year low of $54.46 and a 1-year high of $80.99. The stock’s 50-day moving average price is $77.19 and its 200 day moving average price is $73.79. The company has a market capitalization of $18.20 billion, a price-to-earnings ratio of 31.66, a P/E/G ratio of 3.41 and a beta of 0.14. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.78 and a quick ratio of 0.44.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were paid a $0.228 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.91 annualized dividend and a yield of 1.27%. Church & Dwight’s dividend payout ratio is presently 40.09%.
In related news, EVP Maynadier Patrick D. De sold 37,500 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $80.00, for a total transaction of $3,000,000.00. Following the transaction, the executive vice president now owns 47,231 shares in the company, valued at approximately $3,778,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert D. Leblanc sold 10,000 shares of Church & Dwight stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $78.34, for a total value of $783,400.00. Following the transaction, the director now directly owns 49,702 shares in the company, valued at approximately $3,893,654.68. The disclosure for this sale can be found here. Insiders sold 90,418 shares of company stock valued at $7,198,251 in the last 90 days. 2.00% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. Invesco Ltd. increased its holdings in shares of Church & Dwight by 116.9% in the 2nd quarter. Invesco Ltd. now owns 5,393,316 shares of the company’s stock valued at $394,035,000 after acquiring an additional 2,906,844 shares during the period. BlackRock Inc. boosted its stake in Church & Dwight by 5.9% during the 2nd quarter. BlackRock Inc. now owns 20,701,434 shares of the company’s stock worth $1,512,447,000 after purchasing an additional 1,151,283 shares during the period. Thoroughbred Financial Services LLC grew its position in Church & Dwight by 7,373.9% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,044,333 shares of the company’s stock worth $104,433,000 after purchasing an additional 1,030,360 shares during the last quarter. Nuveen Asset Management LLC grew its position in Church & Dwight by 15,518.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 869,631 shares of the company’s stock worth $63,535,000 after purchasing an additional 864,063 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Church & Dwight by 70.3% in the first quarter. PNC Financial Services Group Inc. now owns 1,640,801 shares of the company’s stock valued at $116,874,000 after purchasing an additional 677,488 shares during the period. 82.34% of the stock is owned by institutional investors and hedge funds.
Church & Dwight Company Profile
Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products; and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
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